2026 STATE OF CRYPTO
The total market cap of crypto is $3.1T (down 14% in the past year) but if you zoom out we've gone from 0 to $3.1T since 2009 with too much easy money made.
Easy money stopped in 2025. VC pump and dumps, memecoins and DATs all fell flat.
2025 was the first year in the history of the industry that products that don't rely on token speculation outperformed. See Polymarket and stablecoins. Usage of both surged while the total market cap of crypto was down.
Bleeding edge products that bring in new people for reasons beyond token speculation will continue to accelerate. If you want to outperform you must be building and using these products. That's where 1confirmation remains.
On token prices, three things remain true:
1) Snakeoil salesman will oversell their narratives and it's best to see this for what it is
2) The macro trend of people trusting institutions less and the internet becoming more important is very real and credible neutral money is the only $100T+ opportunity on the planet
3) There's only two coins that have credibly neutrality: BTC and ETH
Position accordingly 🚀
The total market cap of crypto is $3.1T (down 14% in the past year) but if you zoom out we've gone from 0 to $3.1T since 2009 with too much easy money made.
Easy money stopped in 2025. VC pump and dumps, memecoins and DATs all fell flat.
2025 was the first year in the history of the industry that products that don't rely on token speculation outperformed. See Polymarket and stablecoins. Usage of both surged while the total market cap of crypto was down.
Bleeding edge products that bring in new people for reasons beyond token speculation will continue to accelerate. If you want to outperform you must be building and using these products. That's where 1confirmation remains.
On token prices, three things remain true:
1) Snakeoil salesman will oversell their narratives and it's best to see this for what it is
2) The macro trend of people trusting institutions less and the internet becoming more important is very real and credible neutral money is the only $100T+ opportunity on the planet
3) There's only two coins that have credibly neutrality: BTC and ETH
Position accordingly 🚀
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